Siemens CEO Grows Wary of Short-Term Thinking

The video discusses the challenges of changing ISM within a company, emphasizing the need to balance short-term success with long-term goals. It highlights the risks of widening performance gaps, which can attract activist shareholders. The discussion also covers shareholder expectations and the importance of considering long-term solutions. Finally, it addresses the societal impact of short-term profits and the potential for redirecting profits to benefit others.

What is the main challenge discussed in balancing short-term and long-term goals?

• Expanding market share

• Keeping the gap between short-term and long-term objectives narrow

• Reducing employee turnover

• Increasing company profits

Why is it important to keep the distance between short-term and long-term goals close?

• To improve customer loyalty

• To increase employee satisfaction

• To reduce operational costs

• To avoid external pressures from activists

What question is raised about shareholders in the second section?

• Are they reducing company expenses?

• Are they focusing on short-term profits?

• Are they investing in new technologies?

• Are they considering long-term solutions?

What is suggested for short-term gains in the final section?

• They should be reinvested in the company

• They should be used to pay dividends

• They should be saved for future use

• They should be taxed higher to contribute to society

How can companies contribute to societal value according to the final section?

• By increasing their market share

• By redirecting profits to help others

• By reducing their workforce

• By cutting down on production costs